Allspring Global Investments Holdings LLC Sells 733,730 Shares of Jacobs Solutions Inc. $J

Allspring Global Investments Holdings LLC lessened its position in shares of Jacobs Solutions Inc. (NYSE:J) by 30.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,653,485 shares of the company’s stock after selling 733,730 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Jacobs Solutions were worth $212,341,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Jacobs Solutions by 3.4% during the 4th quarter. State Street Corp now owns 7,367,828 shares of the company’s stock worth $975,942,000 after acquiring an additional 243,345 shares in the last quarter. Morgan Stanley lifted its position in Jacobs Solutions by 19.5% during the fourth quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock valued at $447,673,000 after purchasing an additional 552,277 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Jacobs Solutions by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock worth $424,846,000 after buying an additional 28,076 shares in the last quarter. Ninety One UK Ltd grew its stake in shares of Jacobs Solutions by 2.8% in the 4th quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock worth $418,085,000 after buying an additional 86,677 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of Jacobs Solutions by 3.7% in the 3rd quarter. Boston Partners now owns 3,040,383 shares of the company’s stock worth $456,746,000 after buying an additional 108,134 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, CEO Robert V. Pragada acquired 3,601 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the acquisition, the chief executive officer directly owned 333,755 shares in the company, valued at $37,076,842.95. The trade was a 1.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Manuel J. Fernandez acquired 253 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $112.56 per share, for a total transaction of $28,477.68. Following the transaction, the director directly owned 12,504 shares in the company, valued at $1,407,450.24. The trade was a 2.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 4,257 shares of company stock worth $477,651. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on J shares. Wells Fargo & Company decreased their target price on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Robert W. Baird dropped their price target on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. KeyCorp reduced their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Royal Bank Of Canada restated an “outperform” rating and set a $169.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, May 19th. Finally, Weiss Ratings lowered Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average price target of $153.10.

Jacobs Solutions Price Performance

J stock opened at $132.19 on Friday. The stock has a market cap of $15.61 billion, a PE ratio of 41.05, a P/E/G ratio of 1.26 and a beta of 0.69. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The company has a 50-day moving average price of $121.68 and a 200 day moving average price of $129.34. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Equities research analysts anticipate that Jacobs Solutions Inc. will post 7.23 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio is currently 44.72%.

Jacobs Solutions Profile

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.